Iceland tech news

Bundu nær allan koltvísýring og brennistein á Hellisheiði

Tæknipúlsinn translation: Carbix captures nearly all CO2 and sulfur emissions at Hellisheiði

Carbix's air-capture facility has bound nearly all CO2 and hydrogen sulfide emissions from the Hellisheiði power plant over the past year. The company reports over 120,000 tonnes of CO2 have been mineralized into rock since the technology was deployed.

Optimistic innovators, stubborn frictions: what’s holding Iceland’s innovation system back?

Northstack's new survey of nearly 300 Icelandic founders and innovation leaders, conducted with Gallup and the Icelandic Technology Development Fund, finds optimism about innovation largely unchanged since 2019 despite more R&D spending and venture capital. Persistent frictions—hard-to-raise capital, weak banking services, and currency volatility—continue to hold back Iceland's innovation performance.

49 billion ISK into various technologies: software tops the list, deep tech at the bottom.

A new Northstack report finds that Iceland's Technology Development Fund allocated ISK 49 billion to roughly 1,200 recipients between 2004 and 2024, with software projects capturing up to 63% of grants. Ocean-related technology funding has declined sharply, and allocations show little correlation with government priorities on AI or climate.